Image Credit: Carrie Helen Thomas Dranga, “Kaneohe Bay, Oahu” (Wikimedia Commons)
By Anne Tergesen and Jason Zweig
Charles Schwab Corp. is scaling back a sales-incentive program designed to reward its top employees with all-expenses-paid trips.
In an email to its staff Friday, the discount brokerage and investment firm said that rather than take members of its Chairman’s Club to Hawaii next spring, Schwab will pay $5,000 after taxes and give them a paid week off.
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This article was originally published on The Wall Street Journal.
Further reading
Benjamin Graham, The Intelligent Investor
Jason Zweig, The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money